retirement
retirement Articles
Social Security is a financial right that protects Americans throughout their lives. According to The United States Social Security Administration (SSA), ”We administer retirement, disability,...
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Social Security is the largest U.S. government program, costing about $1.24 trillion a year, but it’s by no means a handout! Funded by payroll deductions, your Social Security benefits are the...
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While in recent times retirement has been painted in rosy colors, with people doing yoga, playing golf, traveling … and running for president, it is also a stage in life where we can find ourselves...
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It’s the home stretch to retirement for members of Gen X—people born between 1965 and 1980. The oldest members of this generation are 59 years old. It’s shocking to contemplate, but...
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With the backdoor Roth IRA strategy, you move nondeductible contributions from a traditional IRA to a Roth IRA and thereby benefit from potential tax-free growth and qualified tax-free withdrawals...
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A health savings account (HSA) allows you to save and invest money for future medical expenses while earning key tax benefits. But in order to make the most out of those tax breaks, you need to...
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If you are between the ages of 55 and 65, then your mind is probably filled with thoughts and plans for retirement. If you’ve recently come to the realization that your retirement nest egg isn’t...
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With the hope that everyone can retire one day, your total retirement income will dictate what you can spend monthly during your retirement years. To find the sum of all your income you expect to use...
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 So, you woke up one morning and realized retirement is just around the corner. You realize it’s too late to make any significant changes to your retirement funds, savings accounts, or 401(k)...
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When you think about the dollar amount needed to retire, it’s more than just a social security check. There is very little you can do about social security as it’s solely based on your lifetime...
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When getting ready for retirement, there are several factors everyone needs to consider. Among these factors will be the size of your nest egg. This number will help you determine not only when you...
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A health savings account (HSA) is a tax-advantaged savings vehicle that allows you to sock away money to cover qualified healthcare costs. To open an HSA, you’d need to pair it with a...
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Target-date funds (TDFs) are diversified investment portfolios that automatically change their asset allocation to become more conservative as you get closer to retirement. The idea is to focus more...
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A Health savings account (HSA) can help you save for medical expenses while providing you with major tax benefits. In fact, HSAs stand out for their triple-tax advantage. Contributions are...
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Health savings account (HSA) distributions are tax-free as long as they cover qualified medical expenses, as defined by the IRS. However, you need to understand some rules to avoid penalties for...
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